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Fact Sheet

The National Bank of Ras Al Khaimah (ADX: RAKBANK) is one of the UAE’s most dynamic financial institutions. Founded in 1976, it underwent a major transformation in 2001 as it rebranded into RAKBANK and shifted its focus from purely corporate to Retail and Small Business Banking. In line with its strategy to take advantage of opportunities that enhance revenue and market share, the Bank increased its lending in the traditional SME, Commercial and Corporate Banking segment, and more recently it selectively re-entered the Corporate Banking space and acquired a majority stake in RAK Insurance in mid-2015 to diversify our product offering and better serve the needs of our customers. 

 

RAKBANK offers a wide range of Conventional products and services to individuals and businesses across the UAE throughout its 38 branches and its Digital Banking. The Bank also provides a range of Sharia-compliant products and services through its RAKislamic Division. 

 

Executive Management


Peter England
Chief Executive Officer

Deepak Majithia
Chief Financial Officer

K.S. Ramakrishnan (Ram)
Chief Risk Officer

 

Mahadevan Radhakanthan
Chief Credit Officer 
 

Geoff Stecyk
Chief Operating Officer


Venkat Raghavan
Director Compliance & Internal Controls
 

Rahul Oberoi
Managing Director, Wholesale Banking

 

Dhiraj Kunwar
Managing Director, Business Banking
 

Vikas Suri
Managing Director, Treasury

 

Nabil Azar,
Director, General Counsel and Company Secretary

 

Abdul Karim Juma
Director, Islamic Banking


Saleh Ali Saleh
Director, RAK Business
 

 

 

Board of Directors


H.E. Mohamed Omran Alshamsi, Chairman 
H.E. Sheikh Salem Bin Sultan Al Qasimi
Mr. Salem Ali Al Sharhan 
Mr. Ahmed Essa Al Naeem 
Mr. Ahmad Abdulkarim Julfar
Mr. Rajan Khetarpal 

 

 

Fundamentals

Total number of shareholders 424 (as at  30.09.2016)
Year of listing  14.08.2005
Capital Stock  1,676,245,428
Share type      Equity shares
ISIN AEN000601015
Industry Banking
End of business year 31st December
Stock exchanges ADX
Year of foundation  1976
Rating Moody’s: October 2016 Baa1 / P-2 Stable  
 
Fitch: September 2016 BBB+ / F2 Stable  
 
Capital Intelligence: September 2016 A-/ A2 Stable  

Financial Calendar

Feb 01, 2017  Board Meeting
Feb 07, 2017  Quarterly Conference Call

 

Shareholder Structure 

 

 

 

 

 

 

 

 Key Figures

AED millions FY2012 FY2013 FY2014 Q3'2015 Q3'2016
Net Interest Income 2,233 2,466 2,757 2,277.5 2,138.0
Non- Interest Income  660 685 798 663.3 778.8
Total Income  2,893 3,150 3,555 2,940.8 2916.8
Operating Expenditures (1,281) (1,379) (1,505) (1,149.5) (1,015.4)
Operating Profit Before Provision for Impairment 1,612 1,771 2,050 1,791.3 1,901.4
Provision for Impairment 209 341 595 701.9 1,347.2
Net Profit 1,403 1,431 1,455 1,089.4 554.2

 

AED millions FY2012 FY2013 FY2014 Q3'2015 Q3'2016
Total Assets 27,250 30,127 34,830 38,970 40,828
Gross Loans and Advances 20,608 22,355 25,806 28,814 29.006
Deposits 20,720 23,069 24,651 26,710 28,365

 

Ratios FY2012 FY2013 FY2014 Q3'2015 Q3'2016
Return On Equity* 27.0% 23.4% 22.2% 20.3% 9.8%
Net Interest Margin  8.9% 8.6% 8.3% 8.1% 7.0%
Cost to Revenue 44.3% 43.8% 42.3% 39.1% 34.8%
Return On Assets* 5.4% 5.0% 4.4% 3.9% 1.8%
Coverage Ratio 62.8% 73.3% 87.1% 81.8% 84.5%
Gross Impaired Loans Ratio 2.5% 2.4% 2.4% 2.9% 4.1%
Lending to Stable Resources Ratio 90.3% 88.1% 88.2% 87.3% 84.3%
Liquid Asset Ratio 14.7% 19.8% 20.0% 18.5% 18.7%
Capital Adequacy Ratio* 28.8% 29.0% 26.5% 23.1% 23.9%
Tier One 28.8% 29.0% 26.5% 23.1% 23.9%

 

The National Bank of Ras Al Khaimah (P.S.C.)
Mohamed Bin Zayed Road, Exit 129, Al Rifa Area
5300 Ras Al Khaimah
UAE

Phone: +971 7-206-2222
Fax: +971 7-234-5454
Email: administration@rakbank.ae
www.rakbank.ae

Contact Investor Relations
Zeina Sammakieh
Phone: +971 4 291 5545
Email: ir@rakbank.ae